Galiano Gold (TSE:GAU) Trading Up 24.1% - Still a Buy?

Key Points

• Galiano Gold's share price rose by 24.1% to C$2.68 on Thursday, with a trading volume increase of 391% compared to its average.
• The company's current financial metrics include a quick ratio of 15.77 and a debt-to-equity ratio of 17.37, indicating a strong liquidity position.
• Insider trading activity included the sale of 52,333 shares by Senior Officer Krista Muhr at an average price of C$2.05, with insiders owning 23.08% of the stock.

Galiano Gold Inc. (TSE:GAU - )'s share price traded up 24.1% during trading on Thursday . The stock traded as high as C$2.68 and last traded at C$2.68. 836,822 shares traded hands during mid-day trading, an increase of 391% from the average session volume of 170,348 shares. The stock had previously closed at C$2.16.

Galiano Gold Price Performance

The company has a quick ratio of 15.77, a current ratio of 1.97 and a debt-to-equity ratio of 17.37. The firm has a market capitalization of C$488.39 million, a PE ratio of -826.60, a PEG ratio of 0.15 and a beta of 1.05. The stock has a 50-day moving average price of C$1.93 and a 200 day moving average price of C$1.86.

Insider Buying and Selling

In other Galiano Gold news, Senior Officer Krista Muhr sold 52,333 shares of Galiano Gold stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$2.05, for a total value of C$107,282.65. 23.08% of the stock is currently owned by insiders.

Galiano Gold Company Profile

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.

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